The tie between the economies of the European Union and the United States remains
strong. Notwithstanding the crisis, it is the strongest business relationship in the world.
The European Union and
the United States economies account together for 50% of the entire world
Gross domestic product (GDP).
Foreign trade between the European Union and the
United States amounts to USD 1 billion a day (EUR 411 billion in 2010);
Foreign direct investment (FDI) ties are 1.8 trillion USD every year.
The European Union and the United States are each other's main trade partners. The European Union and the United States take up 20% of each other's
exports in products, and 30% of each other's exports in services.
Total Foreign direct investment: EUR2.1
In 2007 was created the Transatlantic Economic Council (TEC) with the objective to oversee the implementation of work intended to
closer integrate the European Union and United States economies.
Example of the course European Union - United States trade relations TEC:
Master in International business for US Students